Looking to start or expand your student rental portfolio in State College/PSU, then this exceptional opportunity is for you. This 2-bedrooms, 2-full bathrooms condo with LVP flooring in living room, hallway and kitchen area, carpet in 2 bedrooms. This unit is ready to go. Located in the heart of downtown, just across from Penn State main campus. Very strong rental history. Furniture package and an active rental permit included. 24-hour notice needed. Currently leased through Aug. 2025($2600/month)
Sold for $385,000
$385,000
616 E College Ave APT 606, State College, PA 16801
2beds
975sqft
Condominium
Built in 1985
-- sqft lot
$402,600 Zestimate®
$395/sqft
$1,682 Estimated rent
Home value
$402,600
$362,000 - $447,000
$1,682/mo
Zestimate® history
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$1,682/mo
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$1,682/mo
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$2,446/mo
Est. payment
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$2,446/mo
Est. payment
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Zillow last checked:
Listing updated:
Listed by:
Jie Peng 814-231-8200,
RE/MAX Centre Realty
Bought with:
Eric Hurvitz, RS303749
RE/MAX Centre Realty
Source: Bright MLS,MLS#: PACE2514454
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 2
- Bathrooms: 2
- Full bathrooms: 2
- Main level bathrooms: 2
- Main level bedrooms: 2
Rooms
- Room types: Living Room, Bedroom 2, Kitchen, Bedroom 1
Bedroom 1
- Level: Main
- Area: 96 Square Feet
- Dimensions: 12 x 8
Bedroom 2
- Level: Main
- Area: 170 Square Feet
- Dimensions: 17 x 10
Kitchen
- Description: 1
- Level: Main
- Area: 90 Square Feet
- Dimensions: 10 x 9
Living room
- Description: 1
- Level: Main
- Area: 224 Square Feet
- Dimensions: 16 x 14
Heating
- Baseboard, Electric
Cooling
- Wall Unit(s), Electric
Appliances
- Included: Electric Water Heater
- Laundry: Main Level
Features
- Flooring: Carpet, Luxury Vinyl
- Has basement: No
- Number of fireplaces: 1
Interior area
- Total structure area: 975
- Total interior livable area: 975 sqft
- Finished area above ground: 975
- Finished area below ground: 0
Property
Parking
- Parking features: On Street
- Has uncovered spaces: Yes
Accessibility
- Accessibility features: Accessible Elevator Installed
Features
- Levels: Six
- Stories: 6
- Pool features: None
Details
- Additional structures: Above Grade, Below Grade
- Parcel number: 36014,006,0606
- Zoning: R
- Special conditions: Standard
Construction
Type & style
- Home type: Condo
- Property subtype: Condominium
- Attached to another structure: Yes
Materials
- Brick
- Foundation: Other
Condition
- Very Good
- New construction: No
- Year built: 1985
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & HOA
Community
- Security: Main Entrance Lock
- Condo and coop fee: $245 monthly
- Subdivision: University Gateway
HOA
- Has HOA: No
- Amenities included: Other
- Services included: Common Area Maintenance, Maintenance Structure, Insurance, Maintenance Grounds, Sewer, Trash, Water, Snow Removal
Location
- Region: State College
- Municipality: STATE COLLEGE BORO
Financial & listing details
- Price per square foot: $395/sqft
- Tax assessed value: $32,305
- Annual tax amount: $2,637
- Date on market: 4/29/2025
- Listing agreement: Exclusive Right To Sell
- Ownership: Condominium
- Road surface type: Paved
Price history
| Date | Event | Price |
|---|---|---|
| 8/8/2025 | Sold | $385,000-1.3%$395/sqft |
Source:  Bright MLS #PACE2514454 Report a problem | ||
| 5/12/2025 | Pending sale | $390,000$400/sqft |
Source: Bright MLS #PACE2514454 Report a problem | ||
| 4/29/2025 | Listed for sale | $390,000+18.2%$400/sqft |
Source: Bright MLS #PACE2514454 Report a problem | ||
| 2/26/2019 | Sold | $330,000+20%$338/sqft |
Source: Agent Provided Report a problem | ||
| 8/27/2013 | Sold | $275,000+2.2%$282/sqft |
Source: Agent Provided Report a problem | ||
| 8/1/2013 | Listed for sale | $269,000$276/sqft |
Source: Kissinger Bigatel & Brower REALTORS� #39684 Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: 16801
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Nearby schools
GreatSchools rating
- 7/10Easterly Parkway El SchoolGrades: K-5Distance: 0.9 mi
- 10/10State College Area High SchoolGrades: 8-12Distance: 1.4 mi
- 9/10Mount Nittany Middle SchoolGrades: 6-8Distance: 2.6 mi
Schools provided by the listing agent
- District: State College Area
Source: Bright MLS. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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- Pennsylvania
- Centre County
- State College
- 16801
- 616 E College Ave Apartment 606
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